Violation Tracker Parent Company Summary
Parent Company Name:
Royal Bank of Canada
Ownership Structure:
publicly traded (ticker symbol NYSE: RY)
Headquartered in:
Canada
Major Industry:
financial services
Specific Industry:
banking
Penalty total since 2000:
$981,987,409
Number of records:
38
| Top 5 Offense Groups (Groups Defined) | Penalty Total | Number of Records |
|---|---|---|
| financial offenses | $981,803,034 | 36 |
| competition-related offenses | $175,000 | 1 |
| environment-related offenses | $9,375 | 1 |
| Top 5 Primary Offense Types | Penalty Total | Number of Records |
|---|---|---|
| investor protection violation | $981,047,784 | 34 |
| banking violation | $755,250 | 2 |
| price-fixing or anti-competitive practices | $175,000 | 1 |
| environmental violation | $9,375 | 1 |
Notes:
Parent-subsidiary linkages are based on relationships current as of the latest revision listed in the Update Log, which may vary from what was the case when a violation occurred. The penalty totals are adjusted to account for the fact that the individual entries below may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. The totals are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.
Links:
Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found here.
Individual Penalty Records:
Click on the company or penalty amount for more information on each case.
| Company | Primary Offense Type | Year | Agency |
Penalty Amount |
|---|---|---|---|---|
| RBC Capital Markets Corporation | investor protection violation | 2008 | MULTI-AG | $859,800,000 |
| Royal Bank of Canada | investor protection violation | 2014 | CFTC | $35,000,000 |
| RBC Capital Markets LLC | investor protection violation | 2011 | SEC | $30,400,000 |
| Dain Rauscher Incorporated | investor protection violation | 2000 | SEC | $12,941,191 |
| RBC Capital Markets, LLC | investor protection violation | 2019 | SEC | $11,715,395 |
| RBC Capital Markets Corporation | investor protection violation | 2008 | MULTI-FIN | (*) $9,800,000 |
| RBC Capital Markets, LLC | investor protection violation | 2019 | CFTC | $5,000,000 |
| RBC Capital Markets LLC | investor protection violation | 2020 | SEC | $3,889,007 |
| RBC Capital Markets LLC and RBC Capital Markets Arbitrage S.A. | investor protection violation | 2016 | FINRA | $3,500,000 |
| RBC Capital Markets, LLC | investor protection violation | 2014 | MULTI-FIN | $2,800,000 |
| RBC Capital Markets LLC | investor protection violation | 2016 | SEC | $2,500,000 |
| RBC Capital Markets Corporation | investor protection violation | 2005 | FINRA | $2,108,000 |
| RBC Dain Rauscher, Inc. | investor protection violation | 2005 | FINRA | $1,700,000 |
| RBC Dain Rauscher Inc | investor protection violation | 2006 | SEC | $1,500,000 |
| RBC Capital Markets | investor protection violation | 2015 | FINRA | $1,434,000 |
| RBC Dain Rauscher, Inc. | investor protection violation | 2005 | FINRA | $1,158,000 |
| RBC Capital Markets LLC | investor protection violation | 2021 | SEC | $863,326 |
| Ferris, Baker Watts, Inc. | investor protection violation | 2009 | SEC | $800,656 |
| City National Bank | banking violation | 2005 | OCC | $750,000 |
| Ferris, Baker Watts LLC | investor protection violation | 2010 | FINRA | $690,000 |
| RBC Capital Markets, LLC | investor protection violation | 2015 | SEC | $500,000 |
| RBC Dain Rauscher Incorporated | investor protection violation | 2002 | SEC | $500,000 |
| RBC Capital Markets, LLC | investor protection violation | 2013 | NJ-AG | $450,000 |
| RBC Capital Markets Corporation | investor protection violation | 2009 | FINRA | $400,000 |
| RBC Capital Markets, LLC | investor protection violation | 2012 | MA-SEC | $250,000 |
| RBC Dain Rauscher Inc. | investor protection violation | 2006 | FINRA | $250,000 |
| RBC Capital Markets, LLC | investor protection violation | 2012 | MT-SEC | $186,439 |
| Royal Bank of Canada | price-fixing or anti-competitive practices | 2013 | WV-AG | $175,000 |
| RBC Capital Markets Corp. | investor protection violation | 2008 | FINRA | $150,000 |
| RBC Dain Rauscher, Inc. | investor protection violation | 2004 | FINRA | $150,000 |
| RBC Capital Markets Corporation | investor protection violation | 2010 | FINRA | $135,000 |
| RBC Capital Markets Corporation | investor protection violation | 2009 | SEC | $125,000 |
| RBC Capital Markets Corp. | investor protection violation | 2010 | NJ-AG | $51,724 |
| RBC Capital Markets, LLC | investor protection violation | 2013 | AK-DBS | $44,370 |
| RBC Capital Markets, LLC | investor protection violation | 2013 | CA-DFPI | $33,520 |
| Royal Bank of Canada | investor protection violation | 2009 | DE-AG | $22,156 |
| Royal Bank of Canada (USA) | environmental violation | 2010 | GA-ENV | $9,375 |
| City National Bank | banking violation | 2010 | OCC | $5,250 |
